NBTX vs SVM: Correlation
Measured on weekly returns over the past three years, Nanobiotix S.A. (NBTX) and Silvercorp Metals Inc. (SVM) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBTX and SVM?
On 3 years of weekly data the NBTX/SVM correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 1402.6 %².
Among the 10 assets we track against NBTX, SVM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NBTX ahead by 214.4 points (+402.3% versus +187.9%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NBTX vs SVM: side by side
| NBTX (Nanobiotix S.A.) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | +402.3% | +187.9% |
| 5-year return | +223.5% | +222.0% |
| Volatility (ann.) | 72.0% | 59.2% |
| Beta vs S&P 500 | 0.72 | 1.33 |
| Max drawdown (3Y) | -73.2% | -43.8% |
| Market cap | $2.3B | $3.0B |
| P/E (trailing) | – | 122.4 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBTX | SVM |
|---|---|---|
| 2022 | -54.7% | -20.6% |
| 2023 | +98.4% | -10.3% |
| 2024 | -60.6% | +14.9% |
| 2025 | +705.6% | +178.8% |
| 2026 | +95.3% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBTX and SVM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NBTX and SVM?
As of 2026-08-27, the correlation of weekly returns between NBTX and SVM is 0.33 over 3 years, 0.42 over 1 year and 0.16 over 5 years.
Is SVM a good diversifier for NBTX?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NBTX correlations · SVM correlations
